Economy News in English
Latest economy headlines from Dutch news, translated into English.
Consultancy firm investigates UWV following reports of culture of fear
Consultancy firm KPMG has launched an investigation into the Dutch benefits agency UWV following reports of a potential culture of fear within the organization. The UWV confirmed the probe on Thursday...
Why the European Central Bank is likely to raise interest rates today for the first time in three years
The European Central Bank is expected to raise interest rates for the first time in three years this Thursday to combat rising inflation. This decision aims to stabilize prices and may offer better re...
Fewer people buying homes in their own municipality and moving further away
The share of homebuyers purchasing a property within their own municipality is decreasing as rising prices force them to look elsewhere. This trend is particularly evident in the western part of the N...
Fewer international students in Amsterdam for the first time in 20 years
Future of former V&D building suddenly uncertain: developer reconsidering housing and scraps restaurant plans
The redevelopment of the former V&D building in Haarlem has become uncertain as developers 3W Estate and AT Capital struggle to finalize plans for housing, shops, and offices. Plans for an eighth-floo...
Beverwijk faces deficit of over 6 million: 'How do we ensure a financially sustainable municipality without dismantling the social foundation?'
The municipality of Beverwijk is facing a projected budget deficit of over 6 million euros in the coming years, primarily due to rising costs in youth care. While the town is currently in a stable fin...
Iran completely closes Strait of Hormuz after US attacks
The Iranian Revolutionary Guard has announced the complete closure of the Strait of Hormuz following recent United States military strikes in southern Iran. This escalation was reported by Iranian sta...
2 million Dutch people overpay ‘130 euros’ for games
A Dutch foundation is launching a mass claim against Steam's parent company on behalf of over two million consumers who allegedly overpaid for PC games. The claim argues that the platform restricts de...
First drop in international students in the Netherlands since 2006
The number of international students in the Netherlands has decreased for the first time since 2006, with 129,764 students currently enrolled in higher education. This figure represents a slight decli...
Berendsen: positive signals on EU settlement import ban
Dutch Foreign Affairs Minister Tom Berendsen told the House of Representatives that there are positive signals regarding a potential EU import ban on products from illegal Israeli settlements. Discuss...
Self-driving Teslas allowed in Belgium: 'Shorter testing period thanks to RDW'
Tesla owners in Belgium are now permitted to use Full Self-Driving technology, allowing for hands-free driving similar to regulations in the Netherlands. The approval process was shortened due to prel...
Fishmonger Nico Waasdorp sells Dutch new herring for one guilder in swipe at rivals charging four euros
Fishmonger Nico Waasdorp from IJmuiden is selling Dutch herring for one guilder on June 16, the official start of the season. This campaign serves as a playful protest against the sharp rise in herrin...
Friesland calls on cabinet to phase out gas extraction in the province
Residents and administrators in the Dutch province of Friesland are calling on the national cabinet to phase out gas extraction in the region. Provincial Executive Friso Douwstra conveyed this message...
320 million in subsidies still available for home sustainability, mostly going to highest incomes
Subsidies for making homes more sustainable in the Netherlands are predominantly being used by high-income households earning over 100,000 euros per year. Approximately 320 million euros remain availa...
Forecast: Over 32,000 charging stations needed in Haarlem for fully electric driving by 2050
Haarlem will require more than 32,000 charging points by 2050 to support a complete transition to electric driving and meet European CO2 standards. The total energy needed for these stations is estima...
No forced layoffs at ASML next year after union agreement
ASML and labor unions have reached an agreement to prevent forced layoffs due to reorganization until May 1, 2027. The deal follows the Veldhoven-based tech company's previous announcement that it pla...
More issues than expected at Brabant meat processor: NVWA intervenes
The Dutch Food and Consumer Product Safety Authority (NVWA) has expanded its intervention at a meat processing plant in Nuenen after discovering extensive and structural deficiencies. Customers are no...
KPN not yet giving up on Delta fiber acquisition
KPN is contesting a decision by the Netherlands Authority for Consumers and Markets (ACM) to block its acquisition of Delta Fiber. The regulator halted the deal over concerns that KPN would become too...
Americans see prices rising sharply for the third month in a row
Inflation in the United States rose sharply in May, driven by increased fuel prices resulting from the conflict in the Middle East. This marks the third consecutive month of significant price hikes, l...
More month than money: 9 free activities in Amsterdam
The article highlights nine free activities in Amsterdam to help people save money while living in or visiting the most expensive city in the Netherlands. These zero-cost options provide residents and...
3,100 kg of illegal fruit tobacco found at Westpoort industrial estate
Live blog: City council debates coalition agreement
The Amsterdam city council is debating a new coalition agreement that includes cutting 2,500 civil servant positions and significantly increasing tourist taxes. Other key measures involve canceling th...
Rijkswaterstaat: road maintenance postponed due to funding shortage
Rijkswaterstaat has postponed maintenance on several roads in the provinces of Groningen, Friesland, Drenthe, and Utrecht due to a lack of funding from the Ministry of Infrastructure and Water Managem...
Many World Cup tickets offered on resale sites
A survey by the Financial Times has revealed that 180,000 World Cup tickets remain available on official resale platforms. This high availability has raised concerns about whether stadiums will reach ...
Netherlands will be unable to meet electricity demand by 2030, grid operator TenneT warns
Grid operator TenneT warns that the Netherlands will be unable to fully meet its electricity demand by 2030. This situation increases the risk of energy shortages as the demand continues to outpace th...
TenneT sees risk of power shortages increasing faster: 'Must be prepared'
TenneT, the operator of the Dutch high-voltage grid, warns that the risk of power shortages is increasing more rapidly than expected due to growing demand. Potential shortages could occur on winter ev...
Menstrual and menopause symptoms in cleaning labor agreement: 'Endure the discomfort'
The Dutch cleaning sector has officially included provisions for menstrual and menopause symptoms in its new collective labor agreement. This update recognizes the impact of these health issues on wor...
Brakes on extra floors for Haarlem buildings: Too expensive, legally complex and parking issues
The Haarlem city government has decided against a city-wide initiative to add extra floors to existing buildings following a two-year feasibility study. While the project aimed to address housing shor...
Dutch Tax Authority to stop including BSN in payments this year
The Dutch Tax Administration will stop including citizen service numbers (BSN) in payment descriptions by the end of this year to improve privacy. This change, reported by the Dutch Data Protection Au...
Watch COVID inquiry: Former minister Van Ark oversaw face mask procurement
Former Dutch ministers Tamara van Ark and Wouter Koolmees are testifying on the sixth day of the parliamentary inquiry into the government's COVID-19 response. Van Ark is being questioned about the pr...